Philippines Licorice Root Market (2025-2031) | Outlook, Share, Size & Revenue, Segmentation, Analysis, Companies, Trends, Growth, Value, Competitive Landscape, Industry, Forecast

Philippines Licorice Root Market Overview

The licorice root market in the Philippines is witnessing steady demand due to its applications in pharmaceuticals, food, and cosmetics. Licorice root is valued for its anti-inflammatory and medicinal properties, making it a popular ingredient in herbal medicine and skincare products. The increasing preference for natural and organic products is driving market growth. However, fluctuations in raw material availability and import dependencies pose challenges. The rise of local herbal medicine production and sustainable sourcing practices may contribute to market expansion.

Drivers of the market

The growing demand for herbal and natural remedies is driving the licorice root market in the Philippines. Licorice root is widely used in traditional medicine, herbal teas, and skincare products due to its anti-inflammatory and antioxidant properties. The rising preference for organic and plant-based health supplements has further fueled demand. Additionally, the use of licorice in the food and beverage industry for flavoring and its applications in pharmaceuticals are contributing to market expansion.

Challenges of the market

The licorice root market in the Philippines faces hurdles related to supply chain disruptions and fluctuating raw material costs. As licorice is primarily imported, currency fluctuations and trade restrictions impact pricing and availability. Additionally, concerns over excessive licorice consumption and its potential health risks have led to regulatory scrutiny, affecting market growth. Competition from alternative herbal remedies and the need for increased consumer awareness about licorice`s benefits also present challenges for market expansion.

Investment opportunities in the Market

The licorice root market in the Philippines is growing due to its widespread applications in the food, pharmaceutical, and cosmetics industries. As demand for natural ingredients increases, licorice root is being utilized in herbal medicine, confectionery, and skincare products. Investors can capitalize on farming, processing, and export opportunities, particularly in organic and sustainable licorice cultivation. Collaborations with food and beverage companies, herbal medicine manufacturers, and wellness brands can further enhance market potential.

Government Policy of the market

The trade and use of licorice root in the Philippines are regulated by the Department of Agriculture (DA) and the Bureau of Food and Drugs (BFAD). Licorice is commonly used in herbal medicines and the food industry, requiring compliance with safety and quality standards. The government supports local herbal medicine industries through research funding and agricultural incentives. However, import regulations on herbal products remain stringent, impacting the market’s growth potential.

Key Highlights of the Report:

• Philippines Licorice Root Market Outlook
• Market Size of Philippines Licorice Root Market, 2024
• Forecast of Philippines Licorice Root Market, 2031
• Historical Data and Forecast of Philippines Licorice Root Revenues & Volume for the Period 2021- 2031
• Philippines Licorice Root Market Trend Evolution
• Philippines Licorice Root Market Drivers and Challenges
• Philippines Licorice Root Price Trends
• Philippines Licorice Root Porter's Five Forces
• Philippines Licorice Root Industry Life Cycle
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Product Form for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Roots for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Extracts for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Product Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Essential Oils for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Liquid Malt Extract for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Oleoresins for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Herbs and Spices Dry Malt Extract for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Malt Flour for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Function Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Performance Enhancers for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Palatability Enhancers for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Grade Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Standard Malt for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Caramelized Malt for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Roasted Malt for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Raw Material Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Maize for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Barley for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Wheat for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Rice for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Rye for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Oat for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Ingredient Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Lipids for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Protein for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Polysaccharide for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By End User for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Food and Beverage Industry for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Tobacco Industry for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Pharmaceutical Industry for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Cosmetic Industry for the Period 2021- 2031
• Historical Data and Forecast of Philippines Licorice Root Market Revenues & Volume By Dietary Supplement for the Period 2021- 2031
• Philippines Licorice Root Import Export Trade Statistics
• Market Opportunity Assessment By Product Form
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Function Type
• Market Opportunity Assessment By Grade Type
• Market Opportunity Assessment By Raw Material Type
• Market Opportunity Assessment By Ingredient Type
• Market Opportunity Assessment By End User
• Philippines Licorice Root Top Companies Market Share
• Philippines Licorice Root Competitive Benchmarking By Technical and Operational Parameters
• Philippines Licorice Root Company Profiles
• Philippines Licorice Root Key Strategic Recommendations